Why did the Vedanta share price hit a record high today?

The move reflects two near-term drivers. First, broker upgrades: Kotak reiterated Buy, lifting fair value to ₹780 and indicating a ₹965 bull case, while Nuvama raised its target to ₹806. Second, commodity tailwinds: an aluminium zinc rally and firm silver are improving earnings expectations. Heavy volume and a strong trend amplified the upside and helped the stock clear prior highs.

What is the latest Kotak target Vedanta and how credible is the ₹965 bull case?

Kotak’s fair value stands at ₹780, with a spot-price bull case up to ₹965 based on stronger metals pricing and potential value unlocking from the Vedanta demerger. The bull case assumes supportive commodity markets and progress on the demerger. Investors should track actual realizations, cost trends, and balance-sheet updates to see if earnings can sustain the higher valuation range.

How should traders read the current technical setup on Vedanta?

Trend strength is high with ADX near 49 and RSI around 66, while price sits above Bollinger and Keltner upper bands. That shows strong momentum but also a near overbought backdrop. MACD’s slight negative histogram hints at minor fatigue. Traders can watch ₹647-₹642 as a near support zone and ₹679-₹680 as resistance, using ATR of 14.5 to size risk.

What could change the outlook for Vedanta share price in the next month?

Two things stand out. First, earnings on 29 January 2026, where commentary on aluminium, zinc, costs, dividends, and debt will shape sentiment. Second, any formal steps on the Vedanta demerger that clarify structure and leverage by segment. Commodity price moves remain the wildcard. Strong prices and clear demerger updates would likely support the current rerating.

Global Market Insights

VEDL.NS Stock Today: January 16 Kotak Hikes Target; ₹965 Bull-Case

ByDanny Kontos January 16, 2026January 16, 2026

Vedanta share price hit a fresh record this week after broker upgrades tied to metals strength and the planned Vedanta demerger. Shares of Vedanta (VEDL.NS) traded near ₹675.75 on 16 January, up 6.05% intraday, with a new 52-week high at ₹679.45. Kotak raised its fair value to ₹780 and outlined a spot-price bull case up to ₹965, while Nuvama moved to ₹806. We break down drivers, key levels, and what to track into the upcoming results.